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Asian ethylene prices decline on Thursday

Petrochemical industry | 14 Feb 2020 09:30 IST | Polymerupdate.com

Ethylene prices down adjusted in Asia, on Thursday. Reports of continued bearish demand trends in China, owing to the wide-spread deadly Coronavirus, forced ethylene sellers to reduce their prices lower across the Asian region.

The price fall was further supported by, persistent weaker downstream PE demand and pricing trends.

CFR South East Asia ethylene prices were assessed lower at the USD 750/mt levels, a day on day drop of USD 5/mt.

CFR North East Asia ethylene prices were assessed down at the USD 745/mt levels, a decline of USD 15/mt from Wednesday’s assessed levels.

In plant news, PTT Global Chemical (PTTGC), is likely to restart its No. 2 cracker, by end-February 2020. The cracker was shut for a maintenance turnaround on January 20, 2020. Located at Map Ta Phut, Thailand, the No. 2 cracker has an ethylene production capacity of 400,000 mt/year.

In other plant news, PTT Global Chemical (PTTGC), shut its No. 1 cracker on January 23, 2020 for a maintenance turnaround. The cracker is expected to remain under maintenance for about 6 weeks. Located at Map Ta Phut, Thailand, the No. 1 cracker has an ethylene production capacity of 515,000 mt/year and a propylene production capacity of 295,000 mt/year.

Tosoh Corp is likely to undertake a maintenance shutdown at its naphtha cracker on March 5, 2020. The cracker is expected to remain under maintenance till April 20, 2020. Located at Yokkaichi in Japan, the cracker has an ethylene production capacity of 527,000 mt/year and a propylene production capacity of 315,000 mt/year.
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